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January 2, 2025
By
The Admiral Staff
This article provides guidance for managing finances in retirement. It emphasizes the importance of budgeting, potentially exploring savings challenges, and supplementing income through side hustles like surveys and app testing. Key advice includes withdrawing a prudent 3% annually from retirement accounts, considering Social Security benefits, and planning for healthcare and unexpected expenses. The article also outlines a 9-step process for creating a retirement budget, factoring in taxes, home repairs, and leisure activities.
December 3, 2024
By
The Admiral Staff
To avoid post-holiday financial regret, creating a holiday budget is crucial. The article outlines a six-step process: analyze debt, project income, list expenses, assign spending categories, create a shopping list with budgeted amounts, and track prices. It emphasizes prioritizing debt repayment over excessive gift-giving, exploring alternatives like handmade gifts or service coupons, and sticking to the budget through methods like cash jars or tracking spending.
November 29, 2024
By
The Admiral Staff
A recent University of Pennsylvania study surveyed nearly 1,800 older Americans about their biggest financial regrets. The top five regrets were: not saving enough for retirement (57%), not purchasing long-term care insurance (40%), not working longer (37%), not investing in an annuity (33%), and claiming Social Security too early (23%). The article suggests learning from these regrets and taking action now to improve financial security, such as maximizing retirement savings, considering long-term
November 14, 2024
By
The Admiral Staff
Here’s a summary of the article:
The article offers financial advice for individuals who rely on tips for income, acknowledging the challenges of fluctuating income and rising costs. It suggests creating a budget based on the lowest average weekly income, using the 50/20/30 budgeting method. Additionally, it recommends setting aside 10-15% of each shift’s earnings for taxes and exploring side hustles like playing Solitaire Cash (potentially earning up to $83
November 13, 2024
By
The Admiral Staff
To improve your financial future, the article suggests four key steps: first, consolidate high-interest credit card debt by seeking a loan with a significantly lower interest rate (potentially 70% lower); second, check and improve your credit score using free resources to avoid future financial obstacles; third, invest for the long term with apps like Stash, which allow investing in companies with as little as $1, and are SIPC protected; and fourth, reduce essential expenses, starting with reviewing car insurance
